Zhongheng Electric: The controlling shareholder Zhongheng Technology Investment plans to accept CATL's capital increase.

People’s Financial News, April 8 - China National Electrical Equipment Co., Ltd. (002364) announced on April 8 that the company’s controlling shareholder, China National Technology Investment, and shareholder Zhu Guoding and Bao Xiaoru plan to introduce Ningde Times to invest in China National Technology Investment (hereinafter referred to as “proposed capital increase”). All parties will leverage their respective core competitiveness and resource advantages in related fields to promote Ningde Times and China National Electrical Equipment to carry out relevant business and strategic cooperation around green ICT infrastructure, transportation electrification, new power systems (computing and electricity collaboration), etc., integrating resource endowments and empowering the company’s development. Ningde Times plans to subscribe to 14.41M yuan of newly registered capital of China National Technology Investment with 4.1 billion yuan, with the contribution method being cash and equity. After the proposed capital increase is completed, the controlling shareholder and actual controller of China National Technology Investment will remain unchanged, still being Zhu Guoding. This transaction involves a change in the equity structure of China National Technology Investment’s controlling shareholder, but will not lead to a change in the company’s controlling shareholder and actual controller.